Cadinha & Co. LLC Has $1.34 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Cadinha & Co. LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 27.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,621 shares of the exchange traded fund’s stock after selling 1,005 shares during the period. Cadinha & Co. LLC’s holdings in Invesco QQQ were worth $1,340,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the fourth quarter worth $69,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares in the last quarter. Finally, Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth $73,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $521.74 on Monday. Invesco QQQ has a 1-year low of $409.16 and a 1-year high of $539.15. The stock has a fifty day simple moving average of $515.94 and a two-hundred day simple moving average of $492.11.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.